IDFC First Classic Credit Card – Check Features & Benefits, Apply Now

IDFC First Classic Credit Card is one of the best credit cards to get reward points and cashback on daily purchases. With the IDFC Classic Credit Card, we get a high credit limit that we can use anytime.

IDFC First Bank offers IDFC First Classic Credit Card to its customers. The reason why classic credit Cards have become very popular very quickly is that these credit card is free for life. You should apply for an IDFC First Bank Classic credit card if you want a credit card. Here we will discuss the features, benefits, and charges of the IDFC First Classic Credit Card.

Key Features of IDFC First Classic Credit Card

  • ₹500 welcome vouchers on spending ₹15,000 or more within 90 days of card creation.
  • 5% cashback (up to ₹1000) on the transaction value of the first EMI made within 30 days of card creation
  • Earn 10X Reward Points on incremental spends above ₹20,000 per month and on your birthday.
  • Earn 6X and 3X reward points on online and offline purchases respectively for spending up to ₹20,000 per month.

Contents

IDFC First Classic Credit Card Review

Article TopicIDFC First Bank Classic Credit Card
Joining FeeNil
Renewal FeeNil
Welcome GiftWelcome voucher worth ₹500 on spending ₹15,000 or more within 90 days of card generation
PrivilegeFlat 25% off on movie tickets up to ₹100 on Paytm mobile app (valid once per month)

Features & Benefits of IDFC First Classic Credit Card

Joining Benefits

  • ₹500 welcome vouchers on spending ₹15,000 or more within 90 days of card creation.
  • 5% cashback (up to ₹1000) on the transaction value of the first EMI made within 30 days of card creation.

Reward Points

  • 10X reward points on incremental spends above ₹20,000 per month and on your birthday spend
  • 6X and 3X reward points on online and offline purchases respectively on spending up to ₹20,000 per month
  • Unlimited Reward Points that never expire
  • Use Reward Points to pay instantly for online or offline store purchases.

Other Benefits

  • Flat 25% off on movie tickets up to Rs.100 on Paytm mobile app
  • 4 complimentary railway lounge visits per quarter
  • Complimentary Roadside Assistance worth ₹1,399
  • 1% fuel surcharge waiver up to ₹200/month at all fuel stations across India
  • Applicable only for transaction values between ₹200 and ₹5000
  • 300+ Merchant Offers, All Year Round! Up to 20% off at 1500+ restaurants |
  • Up to 15% Off At 3000+ Health & Wellness Outlets
  • Personal accident cover of ₹2,00,000* and lost card liability cover of ₹25,000
  • Easy and convenient EMI conversion for all transactions above ₹2,500 from your mobile app and instant EMI conversion for all online transactions above ₹2,500 on the bank’s OTP page.
  • Enjoy convenient Balance Transfer from your other bank credit cards with the Balance Transfer Privilege.
  • Interest-free cash withdrawal from ATMs for up to 48 days
  • Low-interest rate starting from 0.75% per month.

Must Read this: IDFC First Bank Personal Loan – Check Interest Rate & Eligibility Criteria, Apply Now

IDFC Frist Bank Classic Credit Card Limit

IDFC First Bank Credit Card

The credit limit for IDFC First Classic Credit Card is determined by various factors, with the applicant’s credit history being the primary consideration. Factors such as the applicant’s credit utilization ratio and repayment history of previous loans play a significant role in determining the credit limit.

There are several other factors that the bank may also take into account, such as the applicant’s income, employment status, credit score, and any outstanding loans or liabilities. All these factors are assessed to determine the creditworthiness and repaying capacity of the applicant, which in turn helps the bank fix an appropriate credit limit for the applicant.

IDFC First Classic Credit Card Fees and Charges

Type of ChargesAmount
Joining FeeNil
Annual FeeNil
Finance Charges0.75% to 2.99% Per month
Rewards Redemption feeNil
Cash Advance Fee₹250/-
Cash withdrawal ChargesInterest-free cash withdrawal from ATMs for up to 48 days
Late Payment Charges15% of the total amount due (subjected to a minimum of ₹100 and a maximum of ₹1000)
Card Replacement Charges₹100/-
Foreign Currency markup3.5%
Fuel Surcharge1% of the transaction value
Over-limit chargesNil

Eligibility Criteria & Documentation required for IDFC First Classic Credit Card

To apply for an IDFC Frist Classic Credit Card, you have to be eligible and provide some documents. After that, you can apply for this credit card. Following are the eligibility criteria and documents for IDFC First Bank Classic Credit Card:

For Salaried Customer

Age Group: 18 to 65 years

Income Range: 3 lacks per annum

CIBIL Score: 750+

Documents Required

  • Identity Proof: Any one of the documents – Passport, PAN Card, Ration Card, Aadhar Card, Voter’s ID Card, Driving License
  • Address Proof: Any one of the documents – Telephone bill, Electricity bill, Passport, Ration Card, Rental agreement, Aadhar Card
  • Income Proof: Salary Certificate, Recent salary slip, Employment letter

For Self Employed Customer

Age Group: 18 to 65 years

Income Range: Paid ITR of ₹3 lakhs in a year

CIBIL Score: 750+

Documents Required

  • Identity Proof: Any one of the documents – Passport, PAN Card, Ration Card, Aadhar Card, Voter’s ID Card, Driving License
  • Address Proof: Any one of the documents – Telephone bill, Electricity bill, Passport, Ration Card, Rental agreement, Aadhar Card
  • Income Proof: Certified financials, Recent ITR (Income Tax Returns), Audited profit and loss statement or balance sheet

How to apply for IDFC First Classic Credit Card?

IDFC First Classic Credit Card

You want to apply for IDFC First Classic Credit Card. For this, you have to follow some easy steps are given below:

  1. Click on the link below to apply for IDFC First Classic Credit Card.
  2. Fill in the required details like name, mobile number, email id, and pin code, and click on start journey now.
  3. The customer has to enter the mobile number click on Get OTP and submit the OTP received on your mobile number.
  4. Now the customer has to enter their basic and employment details and click on Proceed.
  5. Further steps require the customer to mention the name they want on their credit card and their current and permanent residence.
  6. Submit the details.
  7. The bank will evaluate the credit card application.

Offline Application:

  1. Visit the nearest IDFC First Bank branch and speak to a Credit Card advisor.
  2. Fill out the Credit Card application form and provide the required documents.
  3. The Credit Card advisor will verify your details and process your application.
  4. Once the Credit Card is approved, you will receive the Credit Card at your permanent residence address.

IDFC First Classic Credit Card Payment

Auto-Debit: Using the Auto Debit facility, you can pay your credit card bills promptly. By using this method, you also get rid of late payment charges. You must maintain a sufficient balance in your savings account. The balance will be automatically deducted from your savings account on the bill payment date.

Mobile Banking and Net Banking: IDFC First Bank provides you with an easy way of mobile banking and net banking to make credit card payments. You can pay your credit card bills using your mobile.

NEFT/IMPS: If you have a Non–IDFC First Bank savings account, you can pay your credit card bills through NEFT/IMPS.

Cheque: You can also use a Cheque to pay the credit card bill. You can deposit your cheque in the drop box of your nearest IDFC First Bank to pay your bills through the cheque of any of your savings accounts.

Must Read this: DMI Finance Personal Loan – Check Interest Rate & Eligibility Criteria, Apply Now

FAQ Related to IDFC First Classic Credit Card

What is the minimum salary for IDFC Classic Credit Card?

To be eligible for the IDFC First Bank Classic Credit Card, you must have a minimum monthly salary of ₹25,000 or more and be between 18 and 65 years of age to apply for this credit card. These eligibility criteria ensure that the applicant has the financial means to make the required repayments on time and minimize the risk of default.

Can I use the IDFC Classic Credit Card internationally?

Yes, you can use the IDFC First Classic Credit Card for international transactions. However, foreign exchange markup charges at the rate of 3.5% will be applicable for transactions done in foreign currency.

What is Credit Card Billing Cycle?

The billing cycle refers to the period. Any transaction that happened during this period will reflect in your statement. During this period, any transactions made and posted on your credit card will be reflected in the credit card statement for that month. This will also include your credit card payments, refunds made through credit cards, cashback, cash withdrawals (if any), and EMIs issued on your credit cards.

Can I convert my purchases into EMIs using the IDFC Classic Credit Card?

Yes, you can convert your purchases into EMIs using the IDFC Bank Credit Card. EMI facility is available for transactions of ₹2500 and above.

How can I connect with IDFC First Bank Credit Card Customer Care?

For queries, please call us at IDFC First Classic Credit Card Toll-Free number 1800 10 888. You can instantly start using IDFC First Bank WhatsApp service just by sending ‘Hi’ on 95555-55555 for your Registered Mobile Number.

Conclusion: The IDFC First Classic Credit Card is a solid choice for those who want to earn rewards and cashback on their daily purchases. It offers a range of features and benefits, such as welcome vouchers, cashback on EMI transactions, reward points, movie ticket discounts, railway lounge access, fuel surcharge waiver, personal accident cover, and more.

The card has no joining or annual fees, making it an attractive option for those who want to save on credit card charges. If you use a credit card properly, it can prove to be beneficial for you, and you can earn many reward points and cashback on your everyday purchases.

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